1.PRADHAN MANTRI FASAL BIMA YOJANA: After through review of erstwhile scheme of Modified National Agriculture Insurance Scheme (MNAIS), the Government launched PMFBY in April, 2016. Under new scheme, farmers are charged uniform rate of premium of 1.5 % in Rabi, Which is the minimum rate till date. The scheme includes not only coverage of risks to standing crops, but also covers risk such as prevented sowing and post-harvest losses.